Intelsat flag breakout

13 Eyl 2019

Intelsat is a satellite company with ties to 5G infrastructure. It has recently broken out of a flag and looks like a good 60% fib trade. It looks like it maybe in the money another 2-3 weeks if consolidation in volume behind this small cap. It has ties to lobbying for US 5G contracts and MACD looking like it reversed a negative course; same applies to the stochastic which shows that it weathered the storm. Buy and hold but look for resistance just below the 50% fib retracement line.